Friday, 6 January 2017

EPIC RESEARCH NCDEX REFINED SOYA OIL UPDATE OF 6 JANUARY 2017

Ref.Soya oil trading range for the day is 713-723. Ref soyoil ended with losses on profit booking amid expectation of higher supply in global market. However demand for soy oil is improving following drop in temperature in recent weeks due to shift in demand from palm oil. India’s overall kharif oilseeds production is projected at 178.25 lakh tonnes (lt) for 2016-17 against 126 lt last year. At the Indore spot market in Madhya Pradesh, soyoil was steady at 735.85 rupees per 10 kgs.